Homeowners will pay more as contamination prompts drop in tax value of Stelco lands

Hamilton- U.S. Steel
File photo of Stelco Steel in Hamilton, Ontario. Ontario is a key player in the U.S.-Canada steel trade.

In a bombshell for Hamilton taxpayers, some former Stelco steel-making land will generate about $2 million less in taxes every year. That means the average homeowner will have to pay $8 more a year to make up for it.